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Sofia bourse's blue-chip index closes higher, Smart Organic makes debut on BEAM market

Sofia bourse's blue-chip index closes higher, Smart Organic makes debut on BEAM market Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), December 3 (SeeNews) - The blue-chip SOFIX index of the Bulgarian Stock Exchange (BSE) closed 0.75% higher at 624.54 points on Friday, mainly backed by a 3.98% rise in the share price of diversified group Doverie United Holding [BUL:DUH], bourse data showed.

On the SME growth market BEAM, Sofia-based producer and distributor of organic products Smart Organic [BUL:SO] made its debut. Shares in Smart Organic closed 0.53% lower at a price of 18.80 levs on Friday.

As many as 104,911 shares in Doverie United Holding traded at an average price of 10.1191 levs, contributing 1.1 million levs ($576,600/511,300 euro) to the total turnover on the BSE's main market, which fell to 7.9 million levs from 8.5 million levs on Thursday.

The initial public offering (IPO) of Smart Organic on November 11 was oversubscribed almost two times. The company raised close to 6 million levs in the IPO by offering up to 310,000 ordinary shares with an issue price of up to 18.90 levs on the BEAM market.

The BGBX40 index, which tracks the 40 most traded shares on the Sofia bourse, went up 0.60% to 140.08 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, added 0.41% to 666.90 points.

The BGBX40 was mainly supported by a 23.16% surge in the share price of venture capital firm Eleven Capital [BUL:11C], while the BGTR30 was positively influenced by Doverie United Holding's gains.

A total of 7,047 shares in Eleven Capital traded at an average price of 20.6262 levs on Friday.

The BGREIT index, which tracks seven real estate investment trusts, fell 0.27% to 164.93 points due to a 1.42% drop in the shares of Bulgarian Real Estate Fund REIT [BUL:ATER].

(1 euro = 1.95583 levs)